South Korea - Gross capital formation (% of GDP)

Gross capital formation (% of GDP) in South Korea was at 28.49 %, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 south korea gross capital formation percent of gdp wb data




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Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and work in progress. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.


South Korea | Economy & Growth

GDP (current US$)
1377873107856 USD
GDP (current LCU)
1.5585915E+15 LCU
GDP (constant 2000 US$)
1266580310209 USD
GDP (constant LCU)
1.4642441E+15 LCU
Gross domestic income (constant LCU)
1.51336369796188E+15 LCU
GNI (current US$)
1384259486411 USD
GNI (current LCU)
1.5658155E+15 LCU
GNI (constant 2000 US$)
1272539650337 USD
GNI (constant LCU)
1.4711334607085E+15 LCU
Gross savings (current US$)
489824850767 USD
Gross savings (current LCU)
554069053631000 LCU
Gross national income (constant LCU)
1.37359356648895E+15 LCU
Total Reserves
371102 %